AngelPad is an American seed-stage
startup incubator
An incubator is anything that performs or facilitates various forms of incubation, and may refer to:
Biology and medicine
* Incubator (culture), a device used to grow and maintain microbiological cultures or cell cultures
* Incubator (egg), a de ...
, launched in September 2010 by Thomas Korte and Carine Magescas with six other former
Google
Google LLC () is an American multinational technology company focusing on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. ...
employees as mentors. AngelPad provides mentorship,
seed money
Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' ...
, and networking at two 10-week courses per year.
AngelPad attracted attention in August 2011 after announcing that each of its startups will have the option to accept $100,000 from two venture capital firms at the start of their class.
The incubator has often been compared to
Y Combinator
Y Combinator (YC) is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Quora, PagerDuty, Reddit, Str ...
.
AngelPad has consistently been ranked among the top startup accelerators in the United States according to 'The Seed Accelerator Rankings' each year. The rankings are developed by
MIT
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
, the
University of Richmond
The University of Richmond (UR or U of R) is a private liberal arts college in Richmond, Virginia. It is a primarily undergraduate, residential institution with approximately 4,350 undergraduate and graduate students in five schools: the School ...
and
Brown University
Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Providenc ...
. They evaluate over 160 US
Accelerators every year.
Program
The program consists of ten weeks of mentorship, brainstorming, fundraising, and pragmatic advice, concluding with a "Demo Day" in which companies present their value propositions and ideas to hundreds of investors.
Application Process
The application process consists of a written application, starting on the incubator's website.
Fewer than 15 startups were selected out of a pool of 800 applicants for the Winter 2011 class, for an acceptance rate of 1.9%.
Notable alumni companies
Several AngelPad companies have attracted significant rounds of investment or sold to larger companies after completing the incubator program. Notable portfolio companies include:
Buffer
Buffer may refer to:
Science
* Buffer gas, an inert or nonflammable gas
* Buffer solution, a solution used to prevent changes in pH
* Buffering agent, the weak acid or base in a buffer solution
* Lysis buffer, in cell biology
* Metal ion buffer
* ...
, CoverHound,
MoPub
Applovin Corporation, doing business as AppLovin, is a mobile technology company headquartered in Palo Alto, California. Founded in 2012, it operated in stealth mode until 2014. AppLovin enables developers of all sizes to market, monetize, analy ...
,
Postmates
Postmates is a food delivery service, founded in 2011, and acquired by Uber in 2020. It offers local delivery of restaurant-prepared meals and other goods. It is headquartered in San Francisco, California.
, Postmates operates in 2,940 U.S. c ...
,
Astrid
Astrid is a feminine given name of Scandinavian origin, a modern form of the name Ástríðr. Derived from the Old Norse Ássfriðr, a compound name composed of the elements (a god) and (beautiful, fair).
Variants
* Assan (diminutive) (Swed ...
, Drone Deploy,
Ribbon
A ribbon or riband is a thin band of material, typically cloth but also plastic or sometimes metal, used primarily as decorative binding and tying. Cloth ribbons are made of natural materials such as silk, cotton, and jute and of synthetic mater ...
,
Pipedrive
Pipedrive is a cloud-based software as a service company. It is the developer of the web application and mobile app Pipedrive, a sales customer relationship management (CRM) tool. The company has more than 1,000 employees in its eight offices a ...
, Rolepoint and Vungle.
See also
*
Business incubator
Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture ca ...
*
Seed accelerator
Startup accelerators, also known as seed accelerators, are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day. While traditional business incubators are often g ...
*
Y Combinator (company)
Y Combinator (YC) is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Quora, PagerDuty, Reddit, Str ...
*
Techstars
References
External links
Forbes ranking of Accelerators 2012Forbes Ranking of Best Accelerators 2017
{{US Business Incubators
Financial services companies established in 2010
Companies based in San Francisco
Technology companies established in 2010
Venture capital firms of the United States
Startup accelerators
2010 establishments in California